New Delhi, India, November 22, 2013 --(PR.com
)-- The report titled “Global Natural Gas vehicle Market: Trends & Opportunities (2013-2018)” provides an in-depth analysis of the global Natural Gas Vehicle market with detailed analysis of various regions like Asia Pacific, Europe, Latin America and North America. It also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall NGV industry has also been forecasted for the period 2013-2018, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. Further, key OEMs of the industry like Honda, Ford Motors Co. and key NGV Convertors like Clean Energy Fuel Corporation, Fuel System Solution are profiled.
Ford Motors Co.
Clean Energy Fuel corporation
Fuel System Solution
The market for natural gas vehicles (NGVs) is gaining increased traction in many countries due to the combined effects of availability of low-cost natural gas and sustained higher prices for gasoline and diesel. The growth of the Global Natural Gas Vehicle Market is inherently tied to the availability of fuel, whether that fuel is compressed natural gas (CNG) or liquefied natural gas (LNG) in heavier duty applications. As a result, the market for natural gas refueling infrastructure is experiencing robust growth.
Asia Pacific is a region which holds a promising future for NGV as this region accounts for the largest number of natural gas vehicles. China has emerged as the largest producer and consumer of passenger cars in the world. Indonesia and Malaysia holds a very large natural gas reserve base and the government of these countries are leveraging their resources and developing their NGV market. Further the market for NGV is likely to grow in Europe with the EU policies vouching for alternative and renewable fuels and green house gas emissions. Although North America has the least count of NGV vehicles on road, the governments are trying to remove their dependency on crude oil for transportation, thereby facilitating the growth of natural gas vehicles in the near future.
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